About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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RH’s Q2 Earnings Call: Our Top 5 Analyst Questions

RH Cover Image

RH’s second quarter results prompted a negative market reaction, as adjusted profitability and next quarter revenue guidance both fell short of analyst expectations. Management attributed ongoing performance to steady demand growth, despite a sluggish housing market and persistent tariff-related challenges. CEO Gary Friedman stated, “We continued to generate industry-leading growth…despite the polarizing impact of tariff uncertainty and the worst housing market in almost 50 years.” The company also highlighted improvements in same-store sales and margin expansion, fueled by operational efficiency and selective cost management, while acknowledging external headwinds.

Is now the time to buy RH? Find out in our full research report (it’s free).

RH (RH) Q2 CY2025 Highlights:

  • Revenue: $899.2 million vs analyst estimates of $903 million (8.4% year-on-year growth, in line)
  • Adjusted EPS: $2.93 vs analyst expectations of $3.22 (8.9% miss)
  • Adjusted EBITDA: $170.2 million vs analyst estimates of $191.5 million (18.9% margin, 11.1% miss)
  • Revenue Guidance for Q3 CY2025 is $884.8 million at the midpoint, below analyst estimates of $902.6 million
  • Operating Margin: 14.3%, up from 11.6% in the same quarter last year
  • Locations: 129 at quarter end, up from 126 in the same quarter last year
  • Same-Store Sales rose 5.1% year on year (-1% in the same quarter last year)
  • Market Capitalization: $4.30 billion

While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.

Our Top 5 Analyst Questions From RH’s Q2 Earnings Call

  • Simeon Gutman (Morgan Stanley) questioned whether improving free cash flow meant real estate monetization was still necessary. CEO Gary Friedman responded that while opportunistic, the company is not dependent on asset sales and will wait for favorable conditions.
  • Steven Forbes (Guggenheim) asked about inventory reduction progress and the risk to launching the new brand extension amid tariff uncertainties. Friedman said the launch would proceed unless new tariffs are unexpectedly severe, and CFO Jack Preston detailed that inventory turns could improve further.
  • Maksim Rakhlenko (TD Cowen) inquired about European gallery economics versus the U.S. and margin drag from international expansion. Friedman explained that while start-up costs remain high, early signs from Paris are encouraging, and long-term profitability should approach U.S. levels as execution improves.
  • Michael Lasser (UBS) pressed management on the impact of discounting and promotional activity on sales and margins. Friedman clarified that discounting is standard in luxury furniture and necessary in a weak housing market, but the company aims to normalize as market conditions improve.
  • Steven Zaccone (Citi) sought clarity on industry pricing in response to tariffs and the trajectory of international margin drag. Friedman indicated that widespread price increases are inevitable due to tariffs, and Preston noted that margin headwinds from international expansion will persist as new galleries ramp up.

Catalysts in Upcoming Quarters

Our analysts will closely monitor (1) the pace of revenue realization from delayed product launches and the brand extension, (2) progress in ramping European galleries, particularly Paris and upcoming launches in London and Milan, and (3) the trajectory of tariff-related cost pressures and sourcing shifts. Additionally, we will watch for signs of margin stabilization as these initiatives mature and macroeconomic conditions evolve.

RH currently trades at $231, in line with $228.83 just before the earnings. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it’s free).

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